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Investors & landlords
Investment advisory fees are not tax deductible in Illinois. Click the link below to review allowable Illinois deductions on Schedule M. Scroll down to Step 3.
Remember, advisory fees are an allowable deduction on your federal return for taxable investment income.
http://www.revenue.state.il.us/taxforms/IncmCurrentYear/Individual/IL-1040-Schedule-M.pdf
‎June 4, 2019
2:48 PM